The global gelatin market size is expected to reach USD 4.79 billion by 2030, according to a new study by Polaris Market Research. The report “Gelatin Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Pig Skin, Cattle Bones, Bovine Hides, Fish & poultry, and Others); By Function; By application, By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major factor which is boosting the market growth is its use across various applications such as food and beverages, pharmaceuticals, personal care, and others. It is a significant source of protein, which is one of the main factors driving its rising use in diet and nutrition additives and driving up industry demand for the product.
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In the food industry, this ingredient is a moisturizing conditioner and gelling agent. There is rapidly increasing popularity for energy drinks and convenience foods, which in turn encourages the expansion of the industry as a result of growing per capita disposable income and consumer awareness of nourishing and healthy diets.
Moreover, due to its high protein content and lack of preservatives, a growing number of people are becoming more health conscious, which has contributed to the spike in demand for the industry. Also, due to its qualities, which include thwarting wrinkles, enhancing metabolism, strengthening nails and hair, increasing joint health, etc., gelatin is frequently used in cosmetics and personal care products, making it a vital ingredient for consumers when picking their products.
In addition, due to its many features, including those of a thickening material in liquid dosage, and sweetener, it also finds use in pharmaceuticals, which has increased the market’s desire for it. Consumer need for label products is growing due to the growing health consciousness trend, which is expected to increase demand for the industry over the coming years.
Gelatin Market Report Highlights
- Nutraceuticals are anticipated to grow at a significant CAGR over the forecast period, The collagen supplement market was born as a result of the association between the ingredients and its health advantages. Dietary supplements made of the ingredient offer several health advantages.
- Bovine accounted for a significant share in 2021 which is accelerated by the rising concerns about wellness and health among some of the global population. The consumer preferences for a healthy, nutrient diet, and the expansion of its uses in nutricosmetic, pharmacological, and healthcare products.
- Asia-Pacific is expected to grow at a significant CAGR over the projected period due to the rising pharmaceutical and food and beverage industry in the region.
- The global market is highly competitive owing to the existence of large market players with a global presence including Capsugel Incorporation, Darling Ingredients Inc., Ewald-Gelatine GmbH, Geltech Co., Ltd., Nitta Gelatin, NA Inc., PB Gelatins GmbH, Rousselot B.V., Trobas Gelatine BV, The Roxlor Group, Tessenderlo Group NV, Ltd, and Weishardt Holding SA.
Polaris Market Research has segmented the gelatin market report based on raw material, function, application, and region:
Gelatin, Raw Material Outlook (Revenue – USD Billion, 2018 – 2030)
- Pig Skin
- Cattle Bones
- Bovine Hides
- Fish & poultry
Gelatin, Function Outlook (Revenue – USD Billion, 2018 – 2030)
- Gelling Agent
Gelatin, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Food & Beverage
- Dairy Products
- Meat & Poultry Products
- Personal Care
Gelatin, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa